IMF Urges Nigeria to Target Subsidy Savings at the Poor

IMF Warns Nigeria Against Restoring Petrol Subsidy

The International Monetary Fund warned Nigeria on Wednesday, 14 October, that restoring blanket petrol subsidies would bleed public finances and shower public funds onto the wealthy. Speaking at the fund’s annual meetings in Bangkok, Fiscal Affairs Director Rodrigo Valdés told finance ministers that shielding fuel prices from reality costs developing states up to 1.5 per…

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Singer Rolex Dee Regains Freedom After Over Three Months in Detention

Singer Rolex Dee Regains Freedom After Over Three Months in Detention

Nigerian singer Afunso Ridwan Abiola, popularly known as Rolex Dee, has regained his freedom after spending more than three months in detention over allegations of defamation involving Fuji musician Taiwo Akanbi Adebisi, popularly known as Taye Currency. His release was announced on Tuesday by MC Bokujaka, who had been leading the social media campaign calling…

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CAF Considers Reverting AFCON to Two-Year Cycle

Confederation of African Football (CAF) president Patrice Motsepe has confirmed that the body is considering a return to a two-year Africa Cup of Nations (AFCON), barely 10 months after he announced that the tournament would move to a four-year cycle. The possible reversal has sharpened questions about his leadership, with claims surfacing this week that…

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